eShippers Management Ltd. Enters Into Option Agreements to Acquire Mineral Claims

eShippers Management Ltd. (the "Company") (TSX VENTURE:EPX.H) is pleased to
announce that it has entered into two option agreements dated April 10, 2012
with an arm's length exploration and development company (the "Optionor")
pursuant to which the Company has been granted sole, exclusive and irrevocable
options to acquire a one hundred percent (100%) undivided interest in certain
unpatented mining claims in the District of Red Lake in the Province of Ontario.



The first agreement provides the Company with an option to acquire nine mineral
claims which are situated in the Townships of McNaughton and Shabumeni Lake in
the District of Red Lake in the Province of Ontario (the "Sol D'Or Agreement").
In order to maintain the Sol D'Or Agreement in good standing, the Sol D'Or
Agreement provides that the Company shall issue an aggregate of 150,000 common
shares of the Company over the course of a two year period following receipt of
all regulatory approvals of the terms of the Sol D'Or Agreement. In addition,
the Company will be required to make five cash payments totalling $122,000 over
the course of the four year period following receipt of such regulatory
approvals. If the option is exercised in accordance with the terms of the Sol
D'Or Agreement, the Company will reserve to the Optionor a 1.5% net smelter
royalty (the "Sol D'Or NSR") on the mineral claims, provided, however, that the
Company shall have the right at any time to purchase from the Optionor 0.5% of
the Sol D'Or NSR in consideration for a one time payment of the sum of
$1,000,000.


The second agreement provides the Company with an option to acquire twenty six
mineral claims which are situated in the Townships of Honeywell, Keigat Lake,
Seagrave Lake and Goodall in the District of Red Lake in the Province of Ontario
(the "Birch Lake Agreement"). In order to maintain the Birch Lake Agreement in
good standing, the Birch Lake Agreement provides that the Company shall issue an
aggregate of 150,000 common shares of the Company over the course of a two year
period following receipt of all regulatory approvals of the terms of the Birch
Lake Agreement. In addition, the Company will be required to make five cash
payments totalling $135,250 over the course of the four year period following
receipt of such regulatory approvals. If the option is exercised in accordance
with the terms of the Birch Lake Agreement, the Company will reserve to the
Optionor a 1.5% net smelter royalty (the "Birch Lake NSR") on the mineral
claims, provided, however, that the Company shall have the right at any time to
purchase from the Optionor 0.5% of the Birch Lake NSR in consideration for a one
time payment of the sum of $1,000,000.


While neither of the option agreements provide for a requirement of minimum
exploration expenditures to be incurred on the mineral claims, over the course
of the next six months the Company plans to incur a minimum of $100,000 in
approved exploration expenditures on the properties and obtain a technical
report prepared in accordance with National Instrument 43-101 that recommends
completion of a work program with an initial phase of no less than $200,000.
Once this is completed, it is expected that the Company will take all steps
necessary to reactivate on the TSX Venture Exchange as a Mining Issuer. 


Reader Advisory

The terms of the option agreements cannot be completed until the final approval
of the NEX is obtained. There can be no assurance that the terms of the option
agreements will be completed as proposed or at all.


Except for statements of historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions "may" or "will"
occur. In particular, forward-looking information in this press release
includes, but is not limited to, statements with respect to timing and
completion of the common shares issuances and cash payments, NEX final approval
of the option agreements, the Company's proposed exploration program, obtaining
a technical report prepared in accordance with National Instrument 43-101 and
the proposed reactivation on the TSX Venture Exchange. Although we believe that
the expectations reflected in the forward-looking information are reasonable,
there can be no assurance that such expectations will prove to be correct. We
cannot guarantee future results, performance or achievements. Consequently,
there is no representation that the actual results achieved will be the same, in
whole or in part, as those set out in the forward-looking information.


Forward-looking information is based on the opinions and estimates of management
at the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to
differ materially from those anticipated in the forward-looking information.
Some of the risks and other factors that could cause results to differ
materially from those expressed in the forward-looking statements include, but
are not limited to: general economic conditions in Canada, the United States and
globally; industry conditions, including fluctuations in commodity prices;
governmental regulation of the mining industry, including environmental
regulation; geological, technical and drilling problems; unanticipated operating
events; competition for and/or inability to retain drilling rigs and other
services; the availability of capital on acceptable terms; the need to obtain
required approvals from regulatory authorities; stock market volatility;
volatility in market prices for commodities; liabilities inherent in mining
operations; changes in tax laws and incentive programs relating to the mining
industry; and the other factors described in our public filings available at
www.sedar.com. Readers are cautioned that this list of risk factors should not
be construed as exhaustive. 


The forward-looking information contained in this news release is expressly
qualified by this cautionary statement. We undertake no duty to update any of
the forward-looking information to conform such information to actual results or
to changes in our expectations except as otherwise required by applicable
securities legislation. Readers are cautioned not to place undue reliance on
forward-looking information.
eShippers Management (TSXV:EPX.H)
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